2023 is nearing the end, and many corporations are making changes to the Office of the CFO. Today, we will focus on 10 CFOs that have accepted new positions.
Disney Hires Veteran PepsiCo CFO, Hugh Johnston, as New CFO
Disney announces that Hugh Johnston, longtime chief financial officer of PepsiCo, will join the company as its new CFO, as the entertainment giant contends with a sagging share price and streaming losses. Johnston has spent the last 34 years with PepsiCo, holding various positions at the food and beverage company before becoming CFO in 2010. Johnston, who starts at Disney on Dec. 4, will report directly to CEO Bob Iger.
PayPal Names Jamie Miller as New CFO
PayPal announced the appointment of Jamie Miller as Executive Vice President and Chief Financial Officer (CFO) of PayPal, effective Nov. 6, 2023. She will be responsible for PayPal’s financial strategies and will lead the global finance organization, including planning, treasury, tax, reporting, and investor relations. Miller will succeed Gabrielle Rabinovitch, who is currently acting CFO.
Verizon Names Tony Skiadas as New CFO
Verizon Communications announced it was naming Tony Skiadas as chief financial officer as it works to rollout its 5G network and pay down debt. Skiadas, a 27-year veteran at Verizon, was named interim CFO of the telecommunications company in March as part of a major leadership restructuring.
Subway Names Jeff Shepherd as New CFO
Subway, one of the world’s largest restaurant brands, announced the appointment of Jeff Shepherd as Chief Financial Officer. Shepherd will report directly to Chief Executive Officer John Chidsey and oversee Subway’s global finance organization, responsible for managing and optimizing the brand’s global financial performance and information security. Shepherd succeeds Ben Wells who will retire at the end of the year after a 46-year career.
Advance Auto Parts Names Ryan Grimsland as Executive VP and CFO.
Advance Auto Parts, Inc. announced that it has appointed Ryan Grimsland as executive vice president and chief financial officer, effective November 27, 2023. Tony Iskander, who has served as interim chief financial officer since August 2023 will continue in his role as senior vice president, finance and treasurer.
Sprouts Farmers Market Names Curtis Valentine as New CFO
Sprouts Farmers Market has named Curtis Valentine as its chief financial officer, effective January 1, 2024. Valentine is currently Sprouts’ senior vice president of finance and will succeed Lawrence “Chip” Molloy, who previously announced his intention to retire as chief financial officer at the end of 2023.
Metro Names Aldi Executive Eric Riegger as CFO
Metro AG announced Eric Riegger as its new CFO, effective February 1st, 2024. Riegger serves as the VP of finance and administration at Aldi, responsible for the finance department, M&A, projects and human resources.
Shipley Names Brad Reynolds as New CFO
Shipley Do-Nuts has named a new chief financial officer. Brad Reynolds, a restaurant industry veteran who has served as CFO of Blaze Pizza and Smashburger, will fill the role. Reynolds will work with the company’s executive team to continue Shipley’s planned growth.
Lumileds Names Tom Constantino as New CFO
Lumileds, a global lighting and light source innovation and manufacturing leader, announces that Tom Constantino has joined the company as Chief Financial Officer (CFO). Mr. Constantino has over 35 years of finance leadership experience at leading technology companies in Silicon Valley.
New Mountain Finance Corporation Names Kris Corbett as New CFO
New Mountain Finance Corporation announced the appointment of Kris Corbett as Chief Financial Officer, effective November 27, 2023.
“We are pleased to welcome Kris Corbett to the New Mountain credit team,” said John R. Kline, Chief Executive Officer of New Mountain Finance Corporation. “Kris has deep domain experience in the direct lending industry and extensive experience leading high-performing finance teams. We expect him to be a tremendous asset to our growing platform.”
Additional CFO’s on the Move
CFO’s on the Move: October 2023
